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SIB provides a wide range of services and banking solutions for retail and small business clients. These services are developed to meet the clients’ changing needs and demands. The services are also developed in accordance with banking latest and best practices. All SIB services are sharia complaint and can be reached at our branches and ATMs

This account makes it easier and to manage your financial transactions. The account is simply based on the concept of call accounts and pay no profits. It is an optimal alternative to start banking with SIB

  • Advantages

    Anytime cash withdrawal form SIB’s ATM network or global ATM network that amounts to 1 million ATM around the world. The client is entitled to miscellaneous free of charge services as follows:

    • Cash Deposit
    • Issue or Renew ATM card
    • Bi annual account statement
    • SMS services
    • Internet Banking (Query services)
    • Check Book
    • Standing Orders
    • Check payment
    • Apply for an ATM card with marginal fees

  • Account Documents

    • Valid ID for Yemeni Nationals
    • Appointment Certificate or military personal
    • Passport for non-Yemenis in addition to residency proof
    • Birth certificate for Minors in addition to either parents’ photo and ID or Court decree of Custodian if former unavailable

    Apply now at nearest SIB branch in Yemen

     

    SIB Terms and conditions apply

     

Minimum Opening Balance for this account is YER 3000

  • Advantages

    • No opening fees
    • Easy deposit and withdrawal using Saving Book or ATM card at millions of ATM machines around the world
    • Assist in managing Saves and expenses
     

  • Account Documents

     
    • Valid ID for Yemeni Nationals
    • Appointment Certificate or military personnel
    • Passport for non-Yemenis in addition to residency proof
    • Birth certificate for Minors in addition to either parents’ photo and ID or Court decree of Custodian if former unavailable

    Apply now at SIB nearest Branch in Yemen

    Bank terms and conditions apply

This account brings ease of mind in investing one’s surpluses. It generates considerable profits as SIB undertakes the unrestricted Mudarabah in which returns and losses are shared between the bank and the client. Account accruals are calculated after 3 months of placement date.

  • Advantages

     
    • Deposit and withdrawal is unrestricted
    • Profits are credited on maturity if the client does not does transfer to the deposit account
    • Minimum balance for this account is only YER 20000
    • It is possible to open more than one account
    • Valid ID for Yemeni Nationals
    • Appointment Certificate for military personnel
    • Passport for non-Yemenis in addition to residency proof
    • Birth certificate for Minors in addition to either parents’ photo and ID or Court decree of Custodian if former unavailable

 This account brings ease of mind in investing one’s surpluses. It generates considerable profits as the SIB undertakes the unrestricted Mudarabah in which returns and losses are shared between the bank and its clients. The tenor of the deposit is 1 or 3 to 5 years.

  • Advantages

     
    • Breakable before maturity subject to Ts&Cs in the application form
    • Accruals are credited at maturity if not transferred to principle at the client’s request
    • Possible to use as a collateral against credit facilities
    • A client can have more than one deposit

  • Account Documents

     
    • Valid ID for Yemeni Nationals
    • Appointment Certificate for military personele
    • Passport for non-Yemenis in addition to residency proof
    • Birth certificate for Minors in addition to either parents’ photo and ID or Court decree of Custodian if former unavailable

    SIB Terms and Conditions apply

An investment instrument in which funds are pooled by open underwriting to be invested inside and outside Yemen. The investment is chosen carefully to achieve the goals and aspirations of the customers and are arranged around the concept of restricted Mudarabah. This vehicle is suitable for investors who are inexperienced in investing their surpluses. This type of investment is known for generating competitive profits comparing to those in traditional investing.

    This is an investing account built around the concept of Mudaraba or Wakala. It enables the client to invest their fund surpluses in a predefined deals declared by the bank or named by the bank.

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